TradingEW
Long

FTSE - a clear EW pattern

INDEX:FTSE   FTSE 100 Index
93 7 1
Completed a 2.5 years of correction (4), now advancing on the (5)the wave of an expanding Diagonal (C).
Hi, and what about more obvious huge a-e triangle from 2009, recently broken down?
+1 Reply
TradingEW look4edge
Tried out with your suggestion, it's a possible alternate count for consideration if it breaks down further, thank you.
https://i.gyazo.com/9734d6a3a96afed56f20173e7b2e04a6.png
Reply
look4edge TradingEW
Hi, or other option, could be also ending diagonal - it could be only wave C - in this case part of X of WXY correction started 2000...
Or maybe even leading diagonal??? not so likely but... in QE distorted markets....
Pattern is clearly done as slow CCI is indicating
snapshot
Reply
Your 1 doesn't look impulsive to me.
+2 Reply
TradingEW IvanLabrie
Indeed, (1) is a zigzag, being the 1st wave of expanding diagonal (C).
Reply
I think both Robert Pretcher and Glenn Neely agree that the 1998 top was an impulse conclusion, and the next legs A and B (we've ended B recently)
Reply
IvanLabrie PRO IvanLabrie
Sorry, was not 100% when I posted. Was looking at an S&P chart in my mind. My bad.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out